During the session on Tuesday, we get a few minor announcements, but nothing that will be difficult for market traders to deal with. We get Swiss Unemployment Numbers, and of course the Canadian Building Permits announcement. Ultimately, this is a market that is going to have to look at longer-term trends.

DAX

The German index fell slightly during the session on Monday, but remains supported just below. The 11,400 level below should be massively supportive, and with this being the case, it’s likely that at the first signs of a bounce call buyers will return.

USD/CAD

The US dollar chopped back and forth against the Canadian dollar during the Monday session as oil markets remain volatile. If the oil markets fall, this pair will more than likely break above the top of the range for the session on Monday, sending this market reaching towards the 1.34 level above.

Nikkei 225

The Japanese index fell slightly on Monday after initially trying to break out. However, there is a massive amount of support just below, and more than likely call buyers will return and the first signs of support. A bounce near the ¥19,400 level is likely going to attract a lot of attention.